Current report no 41 / 2022

“Management of municipal waste from the Capital City of Warsaw in the planned maximum quantity of 261,973 Mg” — selection of bid of the consortium of FBSerwis Group companies

The Management Board of Budimex SA hereby announces that it has been informed that Miejskie Przedsiębiorstwo Oczyszczania w m. st. Warszawie Sp. z o.o. [Municipal Cleaning Company in the Capital City of Warsaw] has selected the bid of the consortium: FBSerwis Kamieńsk Sp. z o.o. (a company owned in 80% by Budimex S.A.) and FBSerwis Karpatia Sp. z o.o., FBSerwis Dolny Śląsk Sp. z o.o., FBSerwis Wrocław Sp. z o.o. (companies wholly owned by Budimex S.A.), as the most advantageous in the tender procedure for the management of municipal waste from the Capital City of Warsaw in the planned maximum quantity of 261,973 Mg in terms of Task 2 (2.2*) — management of municipal waste from the Capital City of Warsaw in the planned maximum quantity of 65,025 Mg.

Bid value: PLN 54,007,586 net

The aforementioned bid resulted in the total value of orders with the same Ordering Party in the period from 8 September 2021 (i.e. from the date of the last current report No 66/2021) reaching PLN 199,878,586 net.

The terms under which the bid has been submitted:

Bid value: PLN 54,007,586 net

Planned date of commencement of the service provision: from 01.08.2022, in accordance with the terms and conditions set forth in the ToR; the estimated date of commencement of the service provision may change depending on the date of conclusion of the agreement.

Planned service completion date: up to 20 months from the commencement of the agreement implementation.

Payment terms: 30 days from the day of delivery of a correctly issued VAT invoice to the Ordering Party by the Contractor.

 Remuneration payable for monthly periods, based on the quantity of waste received for processing.

Performance bond: 3% of gross contract value

The bid includes the management of a maximum of 65,025 tonnes of municipal waste from (residential property) in Warsaw. Waste stream includes municipal waste collected separately and mixed.

Maximum amount of contractual penalty payable by the Ordering Party: 10% of gross contract value

The Ordering Party reserves the right to seek damages under general applicable rules if the amount of loss sustained exceeds the amount of the stipulated penalty.

Other terms and conditions of the contract do not differ from the market standards.

The total value of contracts signed between Budimex and its subsidiaries and Miejskie Przedsiębiorstwo Oczyszczania w m. st. Warszawie together with the bid value exceeds the threshold of PLN 158,224 thousand net.